Brazil's New Law Redirects Seized Bitcoins to Public Security Funds

On March 24, Brazilian President Luiz Inácio Lula da Silva signed the new 'Lei Raul Jungmann' law aimed at combating organized crime, which has now come into effect. This law permits judicial conservatory measures including the 'seizure, freezing, and suspension of use' of movable and immovable property, rights, and values, including digital and virtual assets, when a judge identifies sufficient evidence of a crime. Furthermore, the law allows for the early sale of seized assets at the discretion of the judge, with proceeds potentially benefiting federal or state...